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Weekly Market Snapshot: TSX Hits Record High, Then Retreats as Fed Shocks Markets

  Week of June 16–20, 2026  |  Published June 20, 2026 It was a week of records and reversals for Canadian investors. The TSX touched an all-time high midweek before a hawkish surprise from the U.S. Federal Reserve and falling oil prices — triggered by the U.S.–Iran interim peace deal — pulled markets lower into Thursday's close. Here's everything that moved the needle for your portfolio and wallet this week. 📊 Weekly Market Scorecard Index / Asset Level (June 19 Close) Week Change S&P/TSX Composite 34,857 ▼ Mixed (high: 35,629 Wed.) S&P 500 (USD) 7,500.58 ▲ +1.08% (Wed.) Dow Jones (USD) 51,564.70 ▲ +0.14% (Wed.) Nasdaq (USD) 26,517.93 ▲ +1.91% (Wed.) WTI Crude Oil (USD/barrel) ~$76.54 ▼ Sharp weekly decline Gold (USD/oz) ~$4,157 ▼ Fell on hawkish Fed CAD/USD (Loonie) ~$0.7068 ▼ Under pressure Note: U.S. markets were closed Friday, June 20, for the Juneteenth National Independence Day holiday. TSX figures reflect Thursday's close. 🇨🇦 TSX: A Record High That Did...

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New Federal Commission Could Uncover Hundreds of Miscarriages of Justice

 


A newly established independent commission, set up by the federal government to review potential wrongful convictions, is expected to receive a surge of applications from inmates who may have been imprisoned for crimes they did not commit. Early indications suggest the body could see hundreds of cases, reflecting a hidden crisis within the justice system.

Senator Kim Pate, a well‐known advocate for the wrongfully convicted, noted that similar review bodies abroad have discovered that the number of wrongful convictions is far higher than initially believed. “The degree of wrongful convictions certainly was much more significant than they knew,” she remarked, underscoring the urgent need for a systematic reexamination of past cases .

Tasked with scrutinizing past convictions for fresh evidence and legal errors, the commission will work independently from both law enforcement and the courts. Its mandate is to identify cases where new and significant information was either overlooked or has since come to light—information that could potentially alter verdicts or open the door for retrials. Officials believe that a proactive approach is essential not only to correct individual miscarriages of justice but also to pinpoint systemic issues that may have led to widespread wrongful convictions.

If the commission’s investigations reveal compelling evidence of errors, cases may be referred back to the courts for a fresh appeal or a new trial. Such actions could free individuals who have spent years behind bars for crimes they did not commit, restoring public confidence in the criminal justice system. The move mirrors successful initiatives in other countries that have unearthed a higher incidence of wrongful convictions than previously estimated.

With the commission gearing up for its first round of case reviews, legal experts and advocacy groups are watching closely. Many hope that this new federal body will serve as a vital corrective mechanism, ensuring that justice is not only done but seen to be done for all citizens.

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